Sony will be acquiring an Israeli chip maker called Altair Semiconductor for $212 million, the handset maker announced in an official press release this week. Altair Semiconductor is known for its advancements with LTE (Long Term Evolution) modems. They’ve been working on making LTE chips that are faster, with lower power consumption, all while at a lower cost. This possibly means that Sony can deploy LTE technology to markets that may not have it as of yet. The acquisition is slated to be all wrapped up early by February 2016, just a few weeks away.

Reuters is reporting a claim by Israel’s Altair Semiconductor that HP will be launching a LTE-only Chromebook 11, with connectivity provided by the company’s chips.

“Our solution equips the Chromebook with a dependable and incredibly fast Internet connection,” said Eran Eshed, vice president of marketing and business development at Altair. “By focusing on 100 percent LTE and eliminating costly 3G components, we were able to help our partners lower the cost of this critical LTE connectivity feature” …